Gas Prices Drop Amid Busy Holiday Travel Weekend


Well that didn't last long.

Las Vegas- $2.66/g, down 0.7 cents per gallon from last week's $2.67/g.

Michigan's current daily statewide average is about $2.53 per gallon, about 10 cents less than last week's average and about 44 cents more than this same time a year ago. "Global oil inventories have already tightened noticeably in the past year and continuing such in the face of rising demand may spur oil prices even higher in the days, weeks and months ahead".

"When oil prices rise, it becomes more expensive to produce gasoline", said Mark Jenkins, a spokesman for AAA.

The current national gas price average is $2.51, which is 38 cents more than this time previous year.

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This December motorists - not just in California, but nationwide - will not find significant holiday savings at the gas pump although prices may drift lower, says AAA on Monday.

Prices Sunday in Rockford were 44¢ higher than on the same day one year ago, and 5.7¢ higher than this time last month. Heating oil rose 2 cents to $1.95 a gallon. Numerous other stations in the surrounding area were selling at prices ranging from $2.32 and $2.35.

The biggest bargain in Broward appears to be $2.31 a gallon at Rocket Fuel on Stirling Road at North 66th Avenue in Davie.

"Gasoline prices took a breather heading into Thanksgiving which may last another few days, but as oil prices perk back up heading into OPEC's annual meeting, we may see a rebound soon", said Patrick DeHaan, head of petroleum analysis for GasBuddy.